Lloyds Banking Group is to cut 625 full-time jobs in Britain. The announcement will mainly affect London and Edinburgh. The layoffs come on top of 985 job losses at its motor finance unit announced in April and 305 job cuts as part of the merger of its Scottish Widows and Clerical Medical insurance units.

Adam Walker, President of Solidarity said:-

"Staff at Lloyds face an uncertain future. Lloyds management need to come clean."